Help me with some personal perspective, here.
To me, it seems a little bit like XMR was the catalyst for this entire bloodbath weekend for alts. XMR took that massive pounding on the huge selloff Friday evening. I could be wrong, but it sure seems to me as though at the time, XMR was the only alt significantly in the red. Most of the rest of the leaderboard on Polo was still green until sometime Saturday, and then the selloff was pretty far and wide Saturday night and Sunday.
Am I imagining this?
Does it mean anything that XMR would be the canary in the coal mine?
To me, it seems a little bit like XMR was the catalyst for this entire bloodbath weekend for alts. XMR took that massive pounding on the huge selloff Friday evening. I could be wrong, but it sure seems to me as though at the time, XMR was the only alt significantly in the red. Most of the rest of the leaderboard on Polo was still green until sometime Saturday, and then the selloff was pretty far and wide Saturday night and Sunday.
Am I imagining this?
Does it mean anything that XMR would be the canary in the coal mine?
XMR may have been a co-factor, but ETH is the dominant catalyst driving the alt market's moons and bloodbaths.
It is funny how some alts begin to wane while others wax, with ETH being AFAIK the leading indicator and MAID trailing.
But at present I don't see the tiny XMR tail wagging the giant alt market dog. I'd love to see that, eventually.
